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Formerly known as Independent 529 Plan, the Private College 529 Plan
is the only private-college-run 529 plan in the country, this prepayment program allows families to lock in tuition at any of its 270-plus participating private colleges.

Program Details

Summary: Formerly known as Independent 529 Plan, the Private College 529 Plan
is the only private-college-run 529 plan in the country, this prepayment program allows families to lock in tuition at any of its 270-plus participating private colleges.

Program type: Institutional prepaid contract

Enrollment period: Open year-round

State residency requirements: None

Contract prices: Ranges from a minimum of $25 to as much as the cost of five years of undergraduate tuition and mandatory fees at the highest-cost participating institution ($231,350 for the 2012-13 year). An automatic contribution plan is available.

Are program benefits backed by the full faith and credit of the state? N/A, not a state-sponsored program; however, each participating institution makes a binding commitment to accept Tuition Certificates in payment of tuition and mandatory fees. Payments received by the program are pooled in a trust fund with investments managed by OFI Private Investments, Inc.

Are program benefits collateralized or guaranteed in any other way? No

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